Country for PR: China
Contributor: Xinhua News Agency
Wednesday, January 10 2018 - 20:27
AsiaNet
Brilliance Auto Joins Hands with Renault to Explore International Market Along "Belt and Road"
SHENYANG, China, Jan. 10, 2018 /Xinhua-AsiaNet/--

China's Brilliance Auto Group recently entered a deal with the Renault Group to 
set up the Renault Brilliance Jinbei Automotive Co., Ltd., a joint venture to 
manufacture light commercial vehicles (LCVs) under the three brands of Jinbei, 
Renault and Huasong, with an aim to sell 150,000 such vehicles a year by 2022.

It took Brilliance Auto Group only one year to successfully partner with the 
Renault Group and establish a new mode of cooperation: for the first time in 
the new era of Chinese automobile industry, the same joint venture will design 
and produce vehicles of both foreign brands and domestic brands, which will be 
a world-class platform for developing commercial vehicles.

Brilliance Auto Group Chairman Qi Yumin said that in the past, such a joint 
venture used to operate a foreign brand and the Chinese side could only use the 
profits to support the development of its own brand. Now, through the joint 
venture, the three brands, namely China's Jinbei and Huasong, as well as 
France's Renault, can advance side by side, which is conducive to a rapid 
development of China's own brands.

It is worth mentioning that the cooperation between Brilliance and Renault will 
bring together advanced technologies and experiences from both sides in their 
respective fields and the two companies will both contribute products and 
technologies to the joint business. Brilliance can take full advantage of the 
platforms, technologies and advanced management concepts introduced by Renault, 
and realize its own transformation and upgrading. This will add a heavy weight 
to Brilliance's presence in overseas markets which it has tapped into for many 
years.

It is understood that Brilliance is among the first batch of Chinese car-makers 
which adopted a plan to march into overseas markets. Up to now, Brilliance's 
overseas distribution network has covered more than 100 countries and regions 
in Africa, Central and South America and Asia Pacific, and the total number of 
its dealerships reached nearly 400. With the sound implementation of the Belt 
and Road Initiative, Brilliance aims to design a more sustainable strategy to 
open up overseas markets for its own brands in the future.

Source: Brilliance Auto Group

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